Pi Network (PI) Could Soar by 130% but Under This Key Condition: Details

While the native cryptocurrency of Pi Network posted an impressive revival in mid-March, it lost momentum and has been underperforming over the past several days. According to one analyst, though, its price may soon pump by triple digits, assuming it surpasses an important resistance level.

Key takeaways

Quick scan — what you need to know:

• While the native cryptocurrency of Pi Network posted an impressive revival in mid-March, it lost momentum and has been underperforming over the past several days.
• According to one analyst, though, its price may soon pump by triple digits, assuming it surpasses an important resistance level.
• Time to Shine Again?
• Earlier in March, PI spiked to a multi-month high of roughly $0.30 following major protocol updates and support from the leading crypto exchange Kraken.

Background

What led here, in plain terms:

• However, a classic “sell the news” effect observed around Pi Day led to a substantial pullback, and the asset currently trades at around $0.17 (per CoinGecko’s data), representing…
• Despite the downtrend, some market observers remain optimistic that PI could experience another resurgence in the near future.
• For instance, X user Buzz Builder recently predicted that a “big pump is coming,” adding that Pi Network “is building.” ALTS GEMS Alert was a bit more precise, arguing that…
• “Accumulation looks complete.

Why it matters

Why readers and decision-makers should care:

• Over the last 24 hours, approximately 1.3 million coins have been transferred to such platforms, bringing the total balance to 475.2 million.
• This is often interpreted as a pre-sale step.
• PI Exchange Balance, Source: piscan.io The post Pi Network (PI) Could Soar by 130% but Under This Key Condition: Details appeared first on CryptoPotato.